Description
AMAZING, RARE OPPORTUNITY TO OWN A BRICK 6-UNIT BUILDING IN THE HEART OF DOWNTOWN ELGIN! This well-maintained property features six spacious one-bedroom, one-bath units, with several units already updated. The exterior is in excellent condition, with the porch and tuckpointing completed within the last several years, along with newer windows throughout most of the building. Located in a prime downtown location directly across from the police station and just steps from City Hall, the library, The Centre of Elgin, The Hemmens Auditorium, and bus and train stations. Enjoy easy access to all the shopping, dining, and entertainment that downtown Elgin has to offer! Tons of potential for this terrific investment property! **All financial numbers are owner projections. There are now 4 vacant units in this building and this would likely need to be a cash transaction or creative financing.**
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 4,622
County: Kane
Listed By:
Suburban Life Realty, Ltd
847-363-0990
MRED MLS
MLS ID: 12589794
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120-122 N Spring Street, Elgin, IL 60120.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $594,000 | $594,000 | $594,000 |
| Down Payment | $118,800 | $20,790 | $148,500 |
| Monthly Mortgage Amount | $2,811 | $3,404 | $3,611 |
| Taxes | $827 | $827 | $827 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $261 | $0 |
| Monthly Estimated Total | $3,811 | $4,665 | $4,611 |